Honda and LG Energy Solution To Build $4.4 Billion EV Battery Plant in US

SourceIndustry week
Date Published08/29/2022
Author NameRyan Secard
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Honda and LG - OH
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2022
Capital investment ($):4400
Country(ies) from which reshored:Japan,Korea, Democratic People's Republic of
State(s) reshored to:OH
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredEV batteries
What domestic positive factors made reshoring more attractive?Proximity to customers/market
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